We are only 1 week into the month of August, but the US Mint has updated their August sales totals for gold and silver to indicate the Mint has sold 4,000 ounces of gold, vs. 765,000 ounces of silver month-to-date.
This is a sales ratio of an unthinkable 191.25 to 1 for silver vs. gold!
Granted this data is merely for the first week of August,
but this is an unprecedented and astronomical ratio of physical silver
vs. gold for the Mint. Over the past few years the ratio has typically
hovered in the range of 50 to 1, which our friend Eric Sprott
continually stresses is completely unsustainable!
August’s sales data is nearly 4 times the already astronomical 50:1 sales rates seen over the past 2 years!
We will continue to closely monitor the US Mint’s total silver vs. gold sales, as clearly selling 191 times as much physical silver vs. gold is unsustainable over the long term when the natural in-ground ratio is approximately 10 to 1!
| Month | One ( oz. / #coins ) |
Half ( oz. / #coins ) |
Quarter ( oz. / #coins ) |
Tenth ( oz. / #coins ) |
Total ( oz. / #coins ) |
|---|---|---|---|---|---|
| January | 84,500 84,500 |
24,500 49,000 |
9,500 38,000 |
8,500 85,000 |
127,000 256,500 |
| February | 20,000 20,000 |
0 0 |
500 2,000 |
500 5,000 |
21,000 27,000 |
| March | 57,500 57,500 |
1,000 2,000 |
0 0 |
4,000 40,000 |
62,500 99,500 |
| April | 19,000 19,000 |
0 0 |
500 2,000 |
500 5,000 |
20,000 26,000 |
| May | 49,000 49,000 |
1,500 3,000 |
1,000 4,000 |
1,500 15,000 |
53,000 71,000 |
| June | 55,000 55,000 |
1,000 2,000 |
1,500 6,000 |
2,500 25,000 |
60,000 88,000 |
| July | 28,500 28,500 |
0 0 |
500 2,000 |
1,500 15,000 |
30,500 45,500 |
| August | 3,500 3,500 |
0 0 |
0 0 |
500 5,000 |
4,000 8,500 |
| Total | 317,000 317,000 |
28,000 56,000 |
13,500 54,000 |
19,500 195,000 |
378,000 622,000 |
| Month | One ( oz. / #coins ) |
|---|---|
| January | 6,107,000 6,107,000 |
| February | 1,490,000 1,490,000 |
| March | 2,542,000 2,542,000 |
| April | 1,520,000 1,520,000 |
| May | 2,875,000 2,875,000 |
| June | 2,858,000 2,858,000 |
| July | 2,278,000 2,278,000 |
| August | 765,000 765,000 |
| Total | 20,435,000 20,435,000 |
沒有留言:
發佈留言